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Latest news
The Reason Alaska Still Doesn’t Have a Fiscal Plan
Alaskans have long been aware that oil production would not always pay the bills. Nearly every political text from the 80s and 90s includes some reference to a “long-term fiscal plan” required to offset the eventual decline in oil revenues. Record high oil prices masked the problem from 2006 to 2014. But, when oil prices[…]
How to Keep Alaska Red
In my last post, I laid out a strategy for turning Alaska blue. It’s only fair for me to construct a strategy for the other side of the political spectrum. The obvious answer is to do the opposite. But there are some points worth discussing. Using the same stereotypes and implications we discussed before, here[…]
How to Turn Alaska Blue
For decades, political pundits have reliably put Alaska’s three electoral votes in the Republican count well before our polls even open. Yet, Alaska has elected several Democratic candidates over the years. The Democratic Party has controlled (with some help) at least one chamber of the state legislature for the last decade. We’ve elected a few[…]
Do Alaskans Really get Paid to Live There?
Whenever I travel to the Lower 48, I usually get asked this question: “Do you really get paid just for living in Alaska?” My answer typically sounds like an economist trying to answer a politician’s question. There’s a lot to unpack for me to give you a full answer, but the bottom line is “kinda.”[…]
Life after the Legislature
You probably didn’t notice, but I haven’t written on here for nearly two years. The reason is simple: I was working in Alaska’s Capitol. Although I didn’t win my election for the State House in 2020, I still had the chance to work in the legislature. Between the potential problem of saying something on the[…]
A Quick Look at the Different Proposed Amendments to Alaska’s Permanent Fund
As Alaska continues to work through falling oil revenues, changes to its Permanent Fund appear inevitable. There are currently six resolutions up for debate that would adjust the way the Permanent Fund functions. This article takes a high-level look at the differences and similarities between those proposals. The Current Language Before we look at what[…]
Turning oil wells into money wells
When oil started flowing off Alaska’s North Slope, State leaders knew they had a problem. Because the natural course of an oil field’s life is to decline, it wasn’t hard to imagine that revenues would follow suit. If Alaska spent the money as it entered the treasury, it would cause a boom a bust in[…]
Alaska by the Numbers – December 2020
As the New Year begins, we will have to wait another month for the official data on how the last one ended. But, we can take some time to look at the information we already have to gain some insight into how the year wrapped up. The Labor Market Continues to Suffer It’s hard to[…]
A Closer Look at Alaska’s FY22 Budget Proposal
Governor Dunleavy released his proposal for the Fiscal Year 2022 budget last week. It will serve as the starting place for the legislature as they begin work in January. According to the Office of Management and Budget (OMB) documents, the proposal includes $294.6 million in reductions. Unfortunately, people often speak first and sort out the[…]
Alaska by the Numbers – November 2020
November 2020 was a month of resolving uncertainty and moving back toward normal. Alaska’s economy still faces significant headwinds, but recovery is in sight. Here are some of the highlights. Alaska’s labor market improved, but is still hurting The Alaska Department of Labor reports that Alaska’s official unemployment rate is back to pre-pandemic levels. The[…]